(FOREIGN CAPITALS: ARNDT)

Date: 1902
Source: Lenin Collection, vol. 27
Pages: 162-163

W E L T W I R T S C H A F T L I C H E S  A R C H I V  (1910)
(FOREIGN CAPITALS: A R N D T)

Weltwirtschaftliches Archiv (published by Bernhard Harms) Band 7. I. 1916

"The Capital Power of France" by Prof. Dr. Paul Arndt.

The author refers to his article "Neue Beiträge zur Frage der Kapitalanlage im Auslande" (in Zeitschrift für Sozialwissenschaft, 1915, pp. 311 and 456) and cites from there the figures of foreign invested capital: (p. 35)

(Riesser, p. 395 and p. 404)*

In billions of francs:

English:  3 billion £
= 75 milliards francs

French: 60 milliards francs
= 60 "

German: 35 milliards marks**
= 44 "

62 (1900 Speyer)
30 (1902 Dehn)
31
25 milliards marks

((total = 179))

France belongs to the "economic great powers" (p. 37), occupying 4th place after England, Germany, and "North America."

* Here reference is made to "Die deutschen Grossbanken und ihre Konzentration" etc. by Dr. Riesser, third edition, 1910, where data is cited from Paul Dehn, "Weltwirtschaftliche Neubildungen" (Berlin, 1904, p. 41) for 1902 and from the report by Sir Edgar Speyer at the Institute of Bankers, June 7, 1900, on: Some aspects of national finance. These data are indicated below under this reference. Ed.

** In the manuscript Lenin has calculations — conversion of marks into francs: "35 milliards marks × 1.25 = 43.76". Ed.